EDC Head Resigns, Ehrhardt Calls For Loan Caps Following 38 Studios Controversy
The head of the state's Economic Development Corporation has stepped down following the controversy of Curt Schilling's 38 Studios.
Update - 6:04 p.m.: The Rhode Island Economic Development Corp. rejected a $1.125 milion check on Thursday that was hand-delivered from 38 Studios. The payment was due May 1. The EDC said the company's chief financial officer told the agency there would be insufficient funds to cover the check. 2:49 p.m.: Keith Stokes has stepped down as the head of the Rhode Island Economic Development Corporation amid the controversy surrounding Curt Schilling’s videogame company 38 Studios, according to the Providence Journal. The company, headed by the former Red Sox pitcher, defaulted on a $1.125-million payment to the state on May 1. On Wednesday, Schilling and members of 38 Studios met with state and EDC officials in an emergency meeting that was …
